A new report on the
contribution of states to the national economic growth using
Gross Domestic Product measurement has indicated that Akwa Ibom, Bayelsa, Cross River, Delta, Kaduna, Kano, Ogun, Osun,
Oyo, Rivers and Zamfara contributed N131, 424,760 to the country’s GDP growth
between 2013 and 2017.
According to the report, released by the
National Bureau of Statistics, these states were selected for the compilation
of GDP estimates for sub-national units since 2013, the initial phase of SGDP
computation.
From the report, three
sectors –agriculture, industry and services were examined by the bureau. For
the 5 years, the 11 states made significant contribution to the national growth
through industry and services sectors than agriculture sector. It was
discovered that over N33 million and N25 million contributed in 2017 and 2014
were the highest contributions the states made during the period.
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| Credit: NBS, Infoprations Analysis, 2018 |
Analysis further reveals
that Cross River and Kaduna States made better contributions through
agriculture sector than other sectors. In 2014, 2016 and 2017, Cross River
State made significant contribution to the GDP from her agriculture sector
while Kaduna State had her contribution in 2013 and 2015. Akwa Ibom State contributed mostly to the
country’s GDP through industry while Kano State dominated the services sector
during the period.
These insights indicate that
governments of the states need to devise useful policies and programmes that
would increase their contributions to the national GDP. It has emerged that
industry and services sectors were the core drivers of the economies of the
states at the expense of agriculture sector that has huge potential for
economic growth and sustainability.
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